Bank Accounts Figure in Drug Probe-FBI Says Mexican Cartel Funneled Money Through Bank (Of America)

Source: Wall Street Journal

Mexican Drug Cartel Laundered Money Through BofA, FBI Alleges

A Mexican cocaine-trafficking cartel used accounts at Bank of America Corp. to hide money and invest illegal drug-trade proceeds in U.S. racehorses, the Federal Bureau of Investigation said.

The alleged ties between the violent drug gang known as Los Zetas and the second-largest U.S. bank by assets were described in a 35-page affidavit filed in federal court in Texas last month. According to an FBI agent, a horse-buying and training business created to launder drug money had accounts at the Charlotte, N.C., bank.

A U.S. citizen who is the brother of a top Zetas leader and allegedly served as the ...

Read more: http://online.wsj.com/article/SB10001424052702303292204577514773605576442.html

another link:
Mexican Drug Cartel Laundered Money Through BofA, FBI Alleges
http://www.huffingtonpost.com/2012/07/09/los-zetas-laundered-money-bank-america_n_1658943.html

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3 replies	Author	Time	Post
Bank Accounts Figure in Drug Probe-FBI Says Mexican Cartel Funneled Money Through Bank (Of America) (Original post)	kpete	Jul 2012	OP
No, they don't keep it all in cash? nt	bemildred	Jul 2012	#1
Is it probable that this information is connected to F&F?	siligut	Jul 2012	#2
And why is this not a surprise?	AnotherMcIntosh	Jul 2012	#3

Response to kpete (Original post)

Mon Jul 9, 2012, 02:15 PM

bemildred (67,770 posts)

1. No, they don't keep it all in cash? nt

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Response to kpete (Original post)

Mon Jul 9, 2012, 02:26 PM

siligut (11,516 posts)

2. Is it probable that this information is connected to F&F?

Is this the information that Issa was trying to protect?

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Response to kpete (Original post)

Mon Jul 9, 2012, 04:42 PM

AnotherMcIntosh (8,079 posts)

3. And why is this not a surprise?

In the meantime, Rod Blagojevich, who announced that the State of Illinois would ceise to do business with Bank of America until laid-off workers at a Chicago factory were paid what they are owed, is in prison.

Blagojevich was arrested the following day. So who from the B of A involved in money laundering is going to be arrested? Is anyone?

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